Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Beck Mack& Oliver charges fees on its funds that are in the second most-expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. In terms of risk-adjusted performance, the Beck Mack& Oliver open-end and exchange-traded funds fall short of competitors, with an average overall Morningstar Rating of 2.0 stars. Average tenure of eight years among the longest-tenured managers at Beck Mack& Oliver is on par with peer firms. In isolation, seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions.
Category
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